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4 Stocks Rising on Unusual Volume

Stocks in this article: CSTRHMSYSPNCTSRA

Spectranetics

Spectranetics ( SPNC) develops, manufactures, markets and distributes single-use medical devices used in minimally invasive procedures within the cardiovascular system. This stock is trading up 3% at $18.85 in recent trading.

Today's Volume: 1.88 million
Average Volume: 181,521
Volume % Change: 1,302%

>>5 Stocks Poised for Big Breakouts

From a technical perspective, SPNC is gapping higher here back above its 50-day moving average of $18.40 with monster upside volume. This move is coming after shares of SPNC dipped sharply a few trading sessions ago from its high of $19.70 to $16.79. This stock is now quickly moving within range of triggering a major breakout trade. That trade will hit if SPNC manages to clear some near-term overhead resistance levels at $19.70 to $19.73 with high volume.

Traders should now look for long-biased trades in SPNC as long as it's trending above its 50-day at $18.40 and then once it sustains a move or close above those breakout levels with volume that hits near or above 181,521 shares. If that breakout triggers soon, then SPNC will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $22 to $23.

Coinstar

Coinstar ( CSTR) is a provider of automated retail solutions offering convenient products and services that benefit consumers and drive incremental retail traffic and revenue for retailers. This stock is trading up 1.4% to $55.84 in recent trading.

Today's Volume: 2.13 million
Average Volume: 941,771
Volume % Change: 275%

>>5 Big Names to Trade for Earnings Season

From a technical perspective, CSTR is trending higher here right above its 50-day moving average at $55.11 with heavy upside volume. This stock briefly broke out above some near-term overhead resistance at $59.31, but it has since then pulled back to its current price near $56. At last check, CSTR has hit an intraday high of $59.48, and volume is well above its three-month average action of 941,771 shares.

Traders should now look for long-biased trades in CSTR as long as it's trending above its 50-day at $55.11 and then once it sustains a move or close above those breakout levels $59.31 to $59.48 with volume that hits near or above 941,771 shares. If that breakout triggers soon, then CSTR will set up to trend higher towards $65 to $67.50.

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